Berkshire Money Management Inc. Buys New Position in Alphabet Inc. (NASDAQ:GOOGL)
Are you interested in investing in tech giants like Alphabet Inc. (NASDAQ:GOOGL)? Berkshire Money Management Inc. recently bought a new position in Alphabet, adding to the growing list of hedge funds investing in this tech giant. With a market cap of $2.25 trillion and a strong track record of earnings growth, Alphabet is a popular choice among institutional investors.
In the first quarter, Alphabet reported earnings per share of $1.89, beating analysts’ estimates and showcasing its strong financial performance. The company also announced a quarterly dividend, providing additional value to shareholders. With a payout ratio of 12.27% and a dividend yield of 0.44%, Alphabet is a solid choice for income investors.
Insider buying and selling activity at Alphabet has also been notable, with Director John L. Hennessy and SVP Prabhakar Raghavan both selling shares recently. However, analysts remain bullish on the stock, with several firms boosting their price targets and issuing buy ratings.
If you’re considering investing in Alphabet, now might be a good time to take a closer look at this tech giant. With a strong financial performance, a growing dividend, and positive analyst sentiment, Alphabet could be a valuable addition to your investment portfolio. Stay informed with the latest news and analysis on Alphabet by signing up for MarketBeat.com’s free daily email newsletter.
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